v3.26.1
Gains or losses on financial assets and liabilities (Tables)
 12 Months Ended
Dec. 31, 2025
Gains (losses) on financial instruments [abstract]  
Schedule of detail, by origin, of gains/losses on financial assets and liability
The detail, by origin, of Gains/losses on financial assets and liabilities:
EUR million
202520242023
Gains or losses on financial assets and liabilities not measured at fair value through profit or loss, net127 (117)96 
  Financial assets at amortized cost(89)(190)(3)
  Other financial assets and liabilities216 73 99 
Of which debt instruments133 50 51 
Gains or losses on financial assets and liabilities held for trading, netA
1,017 1,344 2,316 
Gains or losses on non-trading financial assets and liabilities mandatory at fair value through profit or loss1,106 495 198 
Gains or losses on financial assets and liabilities measured at fair value through profit or loss, netA
(307)691 (92)
Gains or losses from hedge accounting, net12 14 69 
1,955 2,427 2,587 
A.Includes the net result obtained by transactions with debt securities, equity instruments, derivatives and short positions included in this portfolio when the Group jointly manages its risk in these instruments.
Schedule of exchange differences, net
As explained in note 44, the above breakdown should be analysed in conjunction with the 'Exchange differences, net':
EUR million
202520242023
Exchange differences, net407 (216)(22)
Schedule of detail of asset balances measured at fair value through profit or loss
The detail of the amount of the asset balances is as follows:
EUR million
202520242023
Loans and receivables:80,218 72,931 51,072 
Central banks14,632 12,966 17,717 
Credit institutions26,380 27,722 14,520 
Customers39,206 32,243 18,835 
Debt instruments101,707 85,990 66,079 
Equity instruments27,845 21,277 19,125 
Derivatives58,355 64,100 56,328 
268,125 244,298 192,604 
Schedule of detail of liability balances measured at fair value through profit or loss
The detail of the amount of the liability balances is as follows:
EUR million
202520242023
Deposits106,003 87,374 80,503 
Central banks15,471 15,074 9,017 
Credit institutions28,482 27,909 19,597 
Customer62,050 44,391 51,889 
Marketable debt securities11,686 7,554 5,371 
Short positions44,015 35,830 26,174 
Derivatives51,968 57,753 50,589 
Other financial liabilities22 — — 
213,694 188,511 162,637